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30+ Business Procedure Terms Explained in Simple Terms

Struggling with business jargon? Learn essential terms like ROI, SOP, EOD, and CRM to lead your team confidently in this week's video! 🔗 📖 Prefer to read along? Read the blog here: https://processdriven.co/documentatio... Videos & resources mentioned in this episode: 🔗 Watch What's the Difference Between PROCESS and SOPs?: https://processdriven.co/documentatio... 🔗 Watch Ultimate Guide to Systemize Your Business: https://processdriven.co/workflows/b-... 🔗 Join the SOP event! https://processdriven.co/services/sop/ 🔗 Watch Job Title vs. Role:    • Job Title vs. Role (and why this dist...   🔗 Want to learn more about our program? Check out https://processdriven.co/services/mem... 🔗 Watch WatKPI vs. OKR:    • KPI vs. OKR: What's the difference fo...   🔗 Check out the LinkedIn post here: https://www.linkedin.com/posts/laylap... 🔗 Watch What is an Action Item?:    • What is an Action Item? (+ How to Tra...   🔗 Watch 5 Steps to Delegate Your Email Inbox to Your Team:    • 5 Steps to Delegate Your Email Inbox ...   🔗 Want to check out the free webinar? You can watch that here: https://processdriven.co/blueprint/?u... Here's what this video covers: 00:00 Introduction 00:55 Return on Investment or ROI 01:25 Deliverables 01:40 Pain Point 02:04 Process or Habits 02:19 System 02:37 Standard Operating Procedures or SOPs 03:15 Personal Knowledge Management or PKM 03:33 WIKI 03:49 Documentation 04:12 Job Title 04:25 Job Role 05:15 Customer Relationship Manager or CRM 05:55 Project Management Software or PMS 06:39 Work in Process or WIP 06:47 Pipeline 07:32 Scope 07:48 As is/To be 08:21 GAP 08:42 Policy 08:46 Iterate 09:10 Change Management 09:56 Bottleneck 10:30 Key Performance Indicator or KPI 10:37 Quality Assurance or QA 10:59 Rituals 11:23 Stakeholders 11:50 Enterprise Resource Planning Software or ERP 12:30 Noco Loco 13:10 Systemizing or Systematizing 14:06 Retro 14:47 End of Day or EOD 15:24 Action It 15:50 Equipment 16:44 E.C.H.O 17:13 Process Org Chart™️ 18:02 TLDR 18:19 F/U 18:58 C.A.R.S [ FREE RESOURCES ] 👉 Subscribe to get new content, freebies, and tips directly in your inbox: https://processdriven.co/email?utm_so... 👉 Get a FREE operations audit to measure how systemized your team is with a Systemization Snapshot™: https://my.processdriven.co/snapshot?... [ WORK WITH ME ] 🔥 Want to connect with other experienced Operators, COOs, and integrators? Apply for Indie Ops Network™:at https://processdriven.co/services/ion... 🔥 Learn SmartSuite basics with my beginner course: https://processdriven.co/services/sma... 🔥 Learn ClickUp basics with my beginner course: https://processdriven.co/services/min... 🔥 Interested in becoming a sponsor for the ProcessDriven YouTube channel? Reach out directly at: https://processdriven.co/sponsor?utm_... [ DISCLAIMERS ] Content we publish is sharing information based on our own experience and opinions. We're not your business coach, lawyer, or advisor in any way. We encourage you to do your own research and find a way to Enjoy the Process with your own style and due diligence! You may notice how our content often includes affiliate links or sponsored content. ProcessDriven may receive compensation for this type of content, which supports the work we do at no cost to you. For details, visit https://processdriven.co/terms?utm_so...

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